The Austrian group and the Italian motorcycle manufacturer sign an acquisition agreement and cooperation in global distribution
November 3, 2022
c.With short notice for investors, Pierre Mobility AG I was informed this afternoon that a strategic cooperation agreement has been signed with MV Agusta.
It is about the global distribution of MV through the global distribution network of PIERER Mobility
And above all it comes to Acquisition of 25.1% of MV Agusta Motor SpAheadquartered in Varese, with a capital increase planned for the current month of November.
As part of this strategic partnership between European motorcycle manufacturers, KTM AGa subsidiary of PIERER Mobility AG, will provide MV Agusta with supply chain support and will handle procurement.
Moreover, in the context of this cooperation, MV Agusta will partially distribute its range of products through the global distribution network of PIERER Mobility.
s.IERER Mobility AG is the holding company of the leading European manufacturer of two-wheeled vehicles, among its own brands. KTMAnd the Gas And the Husqvarna Motorcycles.
Husqvarna, GASGAS Bicycles, FELT Bicycles and R Raymon e-bikes complete the two-wheel segment. There are high-performance components produced under the brand WP and KTM X-BOW sports cars.
In fiscal year 2021, PIERER Mobility AG achieved a record turnover of 2.1 billion EUR and EBIT 193.5 million EUR employing more than 5,000 people worldwide.
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